When the Price of Weingarten Realty WRI Talks, People Listen

June 27, 2021, 16:30 pm ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Weingarten Realty (NYSE: WRI) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for WRI can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for WRI

• Buy WRI slightly over 31.58 target 34.46 stop loss @ 31.49 Details

The technical summary data tells us to buy WRI near 31.58 with an upside target of 34.46. This data also tells us to set a stop loss @ 31.49 to protect against excessive loss in case the stock begins to move against the trade. 31.58 is the first level of support below 32.38 , and by rule, any test of support is a buy signal. In this case, support 31.58 is being tested, a buy signal would exist.

• Short WRI under 34.46, target 31.58, stop loss @ 34.56 Details

The technical summary data is suggesting a short of WRI as it gets near 34.46 with a downside target of 31.58. We should have a stop loss in place at 34.56though. 34.46 is the first level of resistance above 32.38, and by rule, any test of resistance is a short signal. In this case, if resistance 34.46 is being tested, a short signal would exist.

Swing Trading Plans for WRI

• Buy WRI slightly over 34.46, target n/a, Stop Loss @ 34.36 Details

If 34.46 begins to break higher, the technical summary data tells us to buy WRI just slightly over 34.46, with an upside target of n/a. The data also tells us to set a stop loss @ 34.36 in case the stock turns against the trade. 34.46 is the first level of resistance above 32.38, and by rule, any break above resistance is a buy signal. In this case, 34.46, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short WRI near 34.46, target 31.70, Stop Loss @ 34.56. Details

The technical summary data is suggesting a short of WRI if it tests 34.46 with a downside target of 31.70. We should have a stop loss in place at 34.56 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 34.46, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for WRI

• Buy WRI slightly over 34.46, target n/a, Stop Loss @ 34.38 Details

If 34.46 begins to break higher, the technical summary data tells us to buy WRI just slightly over 34.46, with an upside target of n/a. The data also tells us to set a stop loss @ 34.38 in case the stock turns against the trade. 34.46 is the first level of resistance above 32.38, and by rule, any break above resistance is a buy signal. In this case, 34.46, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short WRI near 34.46, target 32.05, Stop Loss @ 34.54. Details

The technical summary data is suggesting a short of WRI if it tests 34.46 with a downside target of 32.05. We should have a stop loss in place at 34.54 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 34.46, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

WRI Ratings for June 27:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Strong
P1	0	0	28.76
P2	31.55	30.76	31.58
P3	32.05	31.70	34.46

Support and Resistance Plot Chart for WRI

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